The General Division of the Singapore High Court (High Court) has affirmed that a “no-action clause” ought not to apply where a bond trustee would be placed in a position of conflict or has shown unjustifiable unwillingness to act: Lim How Teck v Laguna National Golf and Country Club Ltd and another matter [2023] SGHC 32.
This update examines the High Court’s decision.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
TAN Chee Meng, Senior Counsel
Deputy Chairman
d +65 6416 8188
e cheemeng.tan@wongpartnership.com
Click here to view Chee Meng’s CV.
Paul LOY
Partner – Specialist & Private Client Disputes
d +65 6416 8255
e paul.loy@wongpartnership.com
Click here to view Paul’s CV.